July 18, 2018 / 5:28 AM / 5 months ago

BRIEF-Amrest Invests 25 Mln Euros In Spanish Digital Delivery Company Glovo

July 18 (Reuters) - Amrest Holdings SE:

* SAYS IT HAS SIGNED SUBSCRIPTION AND SHARE PURCHASE AGREEMENT WITH SPAIN’S GLOVOAPP23 SL

* UNDER THE DEAL AMREST WILL BUY A TRANCHE OF NEWLY ISSUED SHARES IN GLOVO AND A PORTION OF EXISTING SHARES FROM CERTAIN SHAREHOLDERS OF GLOVO

* AS A RESULT OF THE INVESTMENT IN THE TOTAL AMOUNT OF 25 MILLION EUROS, AMREST WILL HOLD 10 PERCENT STAKE IN GLOVO

* THE INVESTMENT WILL ASSURE AMREST A BOARD SEAT IN GLOVO

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Further company coverage: (Gdynia Newsroom)

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